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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> we've watched how countries around the world have created jobs with lessons for how we might do some of the same. but before we talk about the technicalities of training programs, boosting tourism and funding technology, there is a larger question that many americans wonder about. should the government do anything at all? should it just get out of the way? this debate is on display in the american presidential campaign. on the one hand, president obama has been making the case that the economy needs investments in infrastructure, education, training, science and technology. those investments in the president's telling are the key drives of american growth, jobs an industries. as we saw, that is certainly how the german and south korean governments have approached growth. >> it's wonderful
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> we've watched how countries around the world have created jobs with lessons for how we might do some of the same. but before we talk about the technicalities of training programs, boosting tourism and funding...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now. as the president and mitt romney prepare for wednesday's first presidential debate, we've learned a little inside info on how they're getting ready. senator john kerry is going to play the role of mitt romney when the president holds his practice sessions. rob portman is portraying the president in mitt romney's preps. you can catch that debate at 7:00 p.m. eastern on cnn and also cnn.com. >>> the pope's butler went on trial, accused of stealing secret papers and leaking them to an italian journalist. the butler faces a sentence up to eight years if convicted. >>> a rival b
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now....
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they're going to start talking about the economy. why the deficit's been above $1 trillionow four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any deb
they're going to start talking about the economy. why the deficit's been above $1 trillionow four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well, they're definitely helping with their public image because they're the most likable parts of each ticket really, but i feel as though they could be helping a lot more because that ann romney clip continued to her saying that the only thing she's concerned about is if romney wins, she's concerned about his mental well-being. so you might not want to question the mental health of your husband who you're asking everybody to elect as leader of the free world, and michelle obama i feel like she can probably privately -- i think the biggest thing they can do to help their husbands is privately encourage them to be more of who they a
, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well,...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought he
we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected...
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one of the problems that we have is we are an older manufacturing economy. we are used to paper orders and other things if you go to china and you look at a network like alibaba. we can move more into the internet age in our bidding and ordering process. >> is china the enemy that many americans see it as? >> i think that we live in a diverse world and we need to embrace that. if china is excelling in something that is great. but america is excelling in something as well. with china it could burst ladders of opportunity. many people are stuck in those factories for hours. and so creating those ladders of opportunity where people can strive to become better jobs for lives. >> i'm actually embracing that. >> at the same time, countries are going to do what they do. america has to figure out what it is we are. we are our own enemy right now. somebody still hasn't told me why we spend so much money on prisons and not education? >> prisons is a bigger business. prisons are privately enterrized. >> yeah, but who said that was okay? >> just answer me. >> i agree. >
one of the problems that we have is we are an older manufacturing economy. we are used to paper orders and other things if you go to china and you look at a network like alibaba. we can move more into the internet age in our bidding and ordering process. >> is china the enemy that many americans see it as? >> i think that we live in a diverse world and we need to embrace that. if china is excelling in something that is great. but america is excelling in something as well. with china...
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the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney preparing for this debate off and on over the last month, since the republican convention. is he ready? >> i think he's very well prepared. if you look at governor romney's career, whether it's been as a governor, as head of the olympics or a business, he's always prepared. he sees this as an important opportunity to go out and really cut through a lot of clutter in the campaign, talk directly to the public about the issues. he's prepared to do that. >> one of the topics that came up tonight in the news cycle, is what governor romney said to a local news
the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney...
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economy, we will track that and all the business news on cnn money. >>> and we have a big showbiz countdown this week of the best presidential impersonations ever. tune in and see if your favorites make the cut. >>> high school students thought they were funny nominating a girl to the homecoming court as a joke, but she got the last laugh. h drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to have one less battery to worry about? car honking irping the 2012 sonata hybrid. the only hybrid with a lifetime hybrid battery warranty. from hyundai. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer
economy, we will track that and all the business news on cnn money. >>> and we have a big showbiz countdown this week of the best presidential impersonations ever. tune in and see if your favorites make the cut. >>> high school students thought they were funny nominating a girl to the homecoming court as a joke, but she got the last laugh. h drill sound chirping electric shaver shaking remote tapping sound shaking drill chirping tapping shaking remote wouldn't it be great to...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of the 47%. they do need to eat a little humble pie and admit things are not all rosie. we can't deny what the polls are showing. we may be able to argue with the polls a little bit, but things need to pick up. i think paul ryan admitting that this morning is a good thing and refreshing from a politician. >> effectively what he's doing is he's telling people what they already know. he's saying, look, we've done it. we don't have to talk about it. l.z, let's get to anna's point. mitt romney did speak about the 37% of obam
economy. you have the president promising four more years of stagnation and dependency. >> paul ryan acknowledges what he calls missteps and admitting mistakes, missteps. is that a deliberate strategy? >> i don't know if it's a smart strategy. but i know it's a realistic strategy. obviously they're down in the polls. i think he's being humble. i think he's being realistic. he's admitting there's been mistakes maitt romney said he didn't make the best articulation when speaking of...
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economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the answer is categorically, absolutely yes. the storm hanging over europe just won't go away, and each day that it stays there is another day that europeans who have been among the biggest and best consumers of u.s.-produced goods and services are buying fewer and fewer of them despite two years of bad governance and poor decision making in europe, americans are sortly weirdly feeling better about their own economy. richard, evidenced by this week's consumer spending and housing numbers, but cheap money and low home prices are driving the ame
economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the...
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i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to go more than just play soundbytes. we're going to replay the entire debate next hour of cnn newsroom, so you can judge for yourself just how the candidates performed. which candidate would do a better job of growing a sluggish economy? voters, they're looking for answers. last night's debate, did they actually even get them? we're going to bring in our cnn chief business correspondent alshi velshi. an incredible debate. ali, i want to start off with you first. >> yeah. >> one of the things that mitt romney was very consistent on, the mes
i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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of the economy right now? is there too much? and in your se, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. what's happening with some of the legislation passed during the president's term, you've seen regulation become excessive and it's hurt the economy. dodd-frank was passed, and it includes provisions that have it telling banks too big to fail. this is the biggest kiss that's been given to new
of the economy right now? is there too much? and in your se, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans....
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the economy is not doing well. what's going on? >> the consumer confidence is taken from the third quarter, right? that was the second quarter. in the second quarter we had the drought and that was something that suppressed economic technology and it is going to be overcome. the question is, are people feeling a little bit better now as we get closer to the election because the economy isn't -- >> you're saying it's an anomaly. >> it's a rear view mirror indicator and now people are looking forward. you look at the polls over and over again and majority of people say feels bad now, but i think it's going to get better next year and optimism is something that counts in the economy and you're starting to get a little optimism and one reason i thank you guys is because this was an emergency for four years and now bad things about the economy have become chronic, not emergency any more. people in a weird way are getting used to the fact they have to lower their expectations. i keep saying that it's been four years, exa
the economy is not doing well. what's going on? >> the consumer confidence is taken from the third quarter, right? that was the second quarter. in the second quarter we had the drought and that was something that suppressed economic technology and it is going to be overcome. the question is, are people feeling a little bit better now as we get closer to the election because the economy isn't -- >> you're saying it's an anomaly. >> it's a rear view mirror indicator and now...
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, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when president obama says it is going to cost the middle class, that's because when it comes time to actually adding up the numbers and seeing if we get the same amount of tax revenue or less or more, you have to make some deductions, one of which is that this will stimulate the economy and, thus, more revenue will come in. the president is not making that assumption, correct? >> there is an assumption out there made by the tax policy center that basically says the only way you're going to pay for this is by hitting the middle class, by taking their deductions away. heritage comes back,
, something that stimulates the economy, that grows the economy and creates jobs. that's the plan anyway, correct? >> part of that plan involves international treatment of money, the other part we were discussing is you have all of these tax deductions. there are thousands of other ones, you lower everyone's rate, but you get fewer tax deductions, but eventually you get a system that takes in money, that also assumes economic growth and doesn't distort the tax system so much. david: when...
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the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's only $10,000. and you say, great, it's awesome. this sounds like a great car. i would love to drive t he says there's a catch, though. i can't show it to you. it's in the garage but i can't actually show it to you, but are you going to buy it? you've got to trust me. all those things, it's all true. that's what you're seeing now. mitt romney sold something last night that can't be true. all of the independent analysis says it sha-- and i take issue some of your research there. as voters start to dig more into this pitch they're going to realize i
the economy is too weak. we're growing faster then than we are now. >> how big an issue could it be for democrats if mitt romney successfully makes the case? >> you know, this is how i see it. imagine you're going into -- you want to buy a car, right? >> yeah. >> you go to the car dealership and the dealer says i've got this great car for you. it goes zero to 60 in two seconds and it's climate control, turbo charged and guess what, it's electric and it flies and it's...
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it's the economy, stupid. you're running against a president with 8% unemployment and 1.3% gdp growth. i can't imagine why you would talk about anything else, especially race, which this president i think has done a wonderful job of leading us on. >> eric, why a speech from 2007 being released now, tonight? is it anything other than politics or why do you think it's significant? >> well, i think there's an expression of frustration on the right, among a lot of people who feel like major members of the media have spent a lot of time vetting republicans in a way they never did about barack obama, including this and from what i'm being told tonight, there's actually a portion of this that we haven't seen, and i think it feeds into a perception on the right that the media hasn't really vetted barack obama as they have republicans, and that you have the democratic national committee tonight already sending out press releases of reporters' reactions being dismissive of this. there's a huge perception on the right th
it's the economy, stupid. you're running against a president with 8% unemployment and 1.3% gdp growth. i can't imagine why you would talk about anything else, especially race, which this president i think has done a wonderful job of leading us on. >> eric, why a speech from 2007 being released now, tonight? is it anything other than politics or why do you think it's significant? >> well, i think there's an expression of frustration on the right, among a lot of people who feel like...
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russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president. >> jim, one of the things i noticed, too, that's different here, virginia's unemployment rate is much lower than the national average. you're talking about a national average of over more than 8%, virginia hovering in the 5% range or so. is his message of creating more jobs. is that really going to resonate in virginia? >> reporter: that is why i think, suzanne, we heard him talking about defense jobs. as he was putting it here a few moments ago, if the sequestration cuts happen -- you hear it here in the local media. while the economy is doing quite well, better than the national average. we heard
russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president....
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we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting ] >> i believe in america. and i believe in you. i believe you're going to help me win ohio. i'll tell you that. all right. we love this country. we know what it stands for. we know the power of freedom. we take very seriously the declaration of independence and the constitution. >> mitt romney appearing right now in toledo, ohio before an absolutely raucous crowd there, telling the crowd getting applause for the line "i know the president cares about the people of america he just doesn't know how to help them and i do." >> happening now, mitt romne
we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting...
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because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it serves to control what many consider the excesses of the free market. >> and without the hand of policy, markets can crash. the vulnerable can be exploited. >> reporter: he frequently cautions against unwarranted growth, yet the economic stimulus and the auto bailout he has sounded like another democratic president, frankly roosevelt who in the great depression insisted government must protect economic rights. >> the right to adequate medical care and the opportunity to achieve and enjoy good health. >> reporter: flash forward four decades and here comes another president with a very different view. >> gover
because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> congratulations on that. that was very well done. it was a mess. i was so nervous. >> were you? >> yes. it was -- it was so energizing and being there, like the platform was shaking. that's how -- how crazy the crowd was. >> i don't like speaking publicly when i don't have to be funny. >> we would all go along with that. two of my favorite ladies in hollywood talking my favorite subject, politics. chelsea handler's late night show, "chelsea lately" has a huge surprise
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your...
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Oct 3, 2012
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most of it, though, john, is going to be on the economy. there's going to be three segments to focus on the economy. one segment on foreign policy. one segment on the role of governing and one segment on the role of government in people's lives, john. so how this is going to be set up is that the candidates will be sitting at podiums. if you're looking at your tv screen, mitt romney on your left, president obama on your right. the first question tonight, john, goes to barack obama. >> well, will they have a chance to mix it up and rebutt each other in a free-flowing way. >> organizers hope to have a flee-flowing discussion. this is the kind discussion we like to see because it allows the two candidates to discuss it amongst themselves. if there are questions about each other's plans, they can directly ask each other that. we have not seen that in this campaign and we'll see it tonight. >> you said the economy will likely be the big subject in the debate tonight. we have new polling to give a sense of what voters are saying about this right
most of it, though, john, is going to be on the economy. there's going to be three segments to focus on the economy. one segment on foreign policy. one segment on the role of governing and one segment on the role of government in people's lives, john. so how this is going to be set up is that the candidates will be sitting at podiums. if you're looking at your tv screen, mitt romney on your left, president obama on your right. the first question tonight, john, goes to barack obama. >>...
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he's been talking a lot about i have solutions, i know how to get the economy moving, but he really hasn't given us a concrete beyond the 59 points, the five points -- >> neither has our president, though. >> our president did in his convention speech outline what he would do over the next four years which i believe is very important because he'll have an opportunity on wednesday night to expand upon that. mitt romney once again, this is the third time he's going to have an opportunity to introduce himself, this time we'll see if he can charm us into thinking he's the one. >> i think you're a little confused. that was the wrong president. that was bill clinton who said that. >> thank you. >>> ahead, we will investigate our shameful fact. after risking their lives on the battlefield, disabled veterans are fighting a battle they never expected for the benefits they deserve. we'll be right back. >>> a sixth grade teacher accused of separating special needs and african-american kids from white kids. what he's saying about the allegations when we continue. ang for your attention. so we invented
he's been talking a lot about i have solutions, i know how to get the economy moving, but he really hasn't given us a concrete beyond the 59 points, the five points -- >> neither has our president, though. >> our president did in his convention speech outline what he would do over the next four years which i believe is very important because he'll have an opportunity on wednesday night to expand upon that. mitt romney once again, this is the third time he's going to have an...
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...
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Sep 30, 2012
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economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will move to other la
economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves...
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david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is reported, so they have a little bit more about lead, they are growing a little bit, which is good news in terms of the cash on hand. how much is that cash burn and will eventually begin to catch up with her. the subscriber base was up about 2 million. i want to go back to tim if i can. when you look at research in motion and their attempts to claw back from the whole they were sinking into, did you think that you have any chance of doing it? >> you hit it on the head. it is really a question of can you get the next product out, can you get new, you know, if a product transition and get
david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is...
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. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're not taking this too complacently. >> no, absolutely not, piers. you know, debates can be a pivotal moment in campaigns. i remember eight years ago when john kerry was getting ready to debate george bush, we were eight points down. coming out of that first debate we were tied with george bush. so there is an opportunity for mitt romney if he takes advantage of it next wednesday night, to turn the momentum around. he not only has to win this debate but has to change the dynamics in this race. we know he's going to show up prepared, disciplined and aggressive, even tim pawlenty said that h
. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're...
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, the economy, the economy, social issues can go by the wayside. maria? >> well, that's such an interesting question, deb, because this is something that i've actually written about. this is where i think republicans have really gotten it wrong. yes, the economy is the number one issue, but guess what, mitt romney has now lost his edge on the economy. and president obama is now outpolling him on who is trusted more with the economy. so with that, what will happen when voters go into the voting booth, they will look at the economy and how both candidates will deal with economic issues, but they will always -- and this is even including when romney had an edge on the economy, they will always look at other issues because american voters are not monolithic. so if you're a latino and you go into the voting booth, you're going look at how these candidates deal with immigration. if you're a woman going into the voting booth, you're going look at how these candides have treated women's issues. by the way, it wasn't the democrats that put abortion on the f
, the economy, the economy, social issues can go by the wayside. maria? >> well, that's such an interesting question, deb, because this is something that i've actually written about. this is where i think republicans have really gotten it wrong. yes, the economy is the number one issue, but guess what, mitt romney has now lost his edge on the economy. and president obama is now outpolling him on who is trusted more with the economy. so with that, what will happen when voters go into the...
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economy and they reluctantly picked mitt romney. also shows, sadly enough, that none of these economists were excited about either one of them. so the 17 economists, the way it was broken down, nine picked romney and three picked obama. five of them couldn't commit to anybody because they said, you know what? it doesn't matter because neither one can fix the economy. even some of the romney supporters, they aren't enthusiastic. one of them said romney's policies would be less bad for the economy than obama. so basically, you know, it's the lesser of two evils. not exactly a big sign of confidence here. but some say romney is more likely to have more success getting legislation through congress and supporters of obama say he's more likely to reduce the deficit and cut entitlement spending like social security. but it is kind of sad, carol, it wasn't much excitement for either of them as far as helping the economy one way or the other. >> let's talk about something a little brighter that's happening where you are. the dow's rising. >>
economy and they reluctantly picked mitt romney. also shows, sadly enough, that none of these economists were excited about either one of them. so the 17 economists, the way it was broken down, nine picked romney and three picked obama. five of them couldn't commit to anybody because they said, you know what? it doesn't matter because neither one can fix the economy. even some of the romney supporters, they aren't enthusiastic. one of them said romney's policies would be less bad for the...
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it reminds me of president obama and the economy. if you can't get it right, it's time to get out. >> paul ryan called those refs out today. are you glad that he did that? >> that's just fine. paul was very angry that the green bay packers, he believes, won, and the referees took it away from them. >> a lot of packers fans were upset about that. the democrats also throwing a flag at the replacement refs. listen to former president bill clinton breaking down monday night's controversial play and sounding a lot like an nfl analyst. watch. >> football game, no, i did not think it was a touchdown. i thought the pass was intercepted. i thought that the defender hit the ground before there was joint possession. and yes it means that we need to get the strike over and get more experienced people in there. >> obviously very serious about that story. the president had something to say, too, watch your screen, barack obama tweeting, quote, nfl fans on both sides of the aisle hope the refs' lockout is settled soon. and he calls the call terribl
it reminds me of president obama and the economy. if you can't get it right, it's time to get out. >> paul ryan called those refs out today. are you glad that he did that? >> that's just fine. paul was very angry that the green bay packers, he believes, won, and the referees took it away from them. >> a lot of packers fans were upset about that. the democrats also throwing a flag at the replacement refs. listen to former president bill clinton breaking down monday night's...
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tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer at tweeter. have a question? send him a tweet or send him an e-mail or give us a call. 1800-743-cnbc. miss something? head to madmoney.cnbc.com. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. laura's being healthy and chewing her multivitamin. introducing one-a-day vitacraves for women! finally, a great-tasting gummy multivitamin designed... for women with more calcium and vitamin d. it's gummies for grown-ups. new one-a-day vitacraves for women. it's gummies for grown-ups. chances are, you're not made of money, so
tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer at tweeter. have a question? send him a tweet or send him an e-mail or give us a call. 1800-743-cnbc. miss something? head to madmoney.cnbc.com. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the...
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make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign st
make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany....
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, number two the economy, number three the economy. so you add that all up. i'm getting like 45 minutes on the economy. now, it's a big subject. but i do think that there is a chance there to go in depth. but a lot of that depends on these two candidates. are they willing to go in depth? are they willing to engage with each other about specifics? are they willing to kind of reveal their specifics? in some ways it's up to them. but certainly the time is there. >> how can they not go in depth? they can't stand there and not say anything to fill the remaining 13, 12, 10 minutes. >> you'd be surprised how well politicians can fill time saying very little. but i would think the opportunity is there and the pressure is there particularly on mitt romney, but also on the president. there's a lot of pressure to say, okay, so how do you create jobs? we know you both want to create jobs. we know you both don't think the other is doing it the right way. what specifically are you going to do? how specifically will you bring down the deficit? there'
, number two the economy, number three the economy. so you add that all up. i'm getting like 45 minutes on the economy. now, it's a big subject. but i do think that there is a chance there to go in depth. but a lot of that depends on these two candidates. are they willing to go in depth? are they willing to engage with each other about specifics? are they willing to kind of reveal their specifics? in some ways it's up to them. but certainly the time is there. >> how can they not go in...
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back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get together? >> they have to solve the problems, because it's their responsibility. we sent them to washington to solve problems, not to -- >> sean: let me ask you this. one party -- weir 40 cents of every dollar. every time you talk about, for example, fixing medicare, which is going bankrupt, we get an ad, granny's being thrown off the cliff. right? every time republicans say we've got to manage money with the epa, the president will say the republicans want dirty air and water. they don't care about kids with autism and down's syndrome. that's the narrative g
back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get...
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everybody talks about the economy. still at the end of the day there's a lot of buzz about this. >> it matters. >> thank you very much paul steinhauser. we appreciate. nice to have you in the studio, as well. >> in the flesh, paul steinhauser. for the first presidential debate starts wednesday night. you can watch it live at 7:00 eastern on cnn and also on cnn.com. >> meantime, ann romney is stumping for the votes in the battlegrounds. she told campaign rally in henderson, nevada, yesterday that her husband is up to the task of being president. >> this country is ready for a turnaround. this country is ready -- this country is ready for mitt romney. >> ann romney also said mitt doesn't talk, he does. and later today, a pennsylvania judge is expected to decide whether to uphold a new state law that requires every voter to present a photo i.d. at the polls. opponents of the republican-backed measure say it would keep over 900,000 people from voting and unfairly targets poor and minority voters. the judge has to decide wh
everybody talks about the economy. still at the end of the day there's a lot of buzz about this. >> it matters. >> thank you very much paul steinhauser. we appreciate. nice to have you in the studio, as well. >> in the flesh, paul steinhauser. for the first presidential debate starts wednesday night. you can watch it live at 7:00 eastern on cnn and also on cnn.com. >> meantime, ann romney is stumping for the votes in the battlegrounds. she told campaign rally in...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. that's a dead end. ...don't know which way to turn. [ under his breath ] this way... turn around. that's why we present people with options... to help themind coverage that fits their needs. almost there. [ announcer ] we are insurance. -woo! ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ >>> a lot of big ideas from my all star panel. princess ameerah al-taweel and deepak chopra and wesley clark and will.i.am. >> your special interest is
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is...
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and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to corporations that move jobs overseas. when he was asked what he would do to actually cut spending and reduce the deficit, he said he'd eliminate public television funding. don't boo now. but i just want to make sure i got this straight. he'll get rid of regulations on wall street. but he's going to crack down on sesame street. >> all right. so there's the president of the united states. [zhe's got a good line there abt mitt romney. he's been ridiculing mitt romney big time. he did it earlier today. now. something he avoided doing dramaticall
and the economy as a whole begins to grow. but to do that and reduce the deficit at the same time, we've got to ask folks who can afford it to do a little bit more. now, last night this may have actually been the real mitt romney because he ruled out raising a dime on taxes on anyone ever no matter how much money they make ruled out closing those loopholes that are giving $4 billion of corporate welfare to the oil companies, refused to even acknowledge the loophole that gives tax breaks to...
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we've got to get this economy going again. so -- and so with no further ado, i'm going introduce someone who you have seen on wonderful ford motor company ads. a guy who you have seen for eight years in some of the dirtiest jobin america, a man who cares about the american worker like almost no one else, my friend, mike rowe. >> wow. you stood up. look at you. you spoil me. hello, ohio. so nice to be back. always nice to be back in this state, although i will confess some days have been better than others. first time i was here i think was 2004. "dirty jobs" was just getting off the ground. we weren't exactly sure what the show was going to be, and i came out here and spent a very long day in the middle of july with the guys over at the department of transportation, specifically in their road kill clean-up division. you'll be pleased to know, ohio, that you do, in fact, have a road kill clean-up division, and they are excellent at what they do. you'll also be pleased to know the road kill itself here in ohio is second to none
we've got to get this economy going again. so -- and so with no further ado, i'm going introduce someone who you have seen on wonderful ford motor company ads. a guy who you have seen for eight years in some of the dirtiest jobin america, a man who cares about the american worker like almost no one else, my friend, mike rowe. >> wow. you stood up. look at you. you spoil me. hello, ohio. so nice to be back. always nice to be back in this state, although i will confess some days have been...
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Sep 30, 2012
09/12
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and take the economy down for good. are they right? hi,
and take the economy down for good. are they right? hi,
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Oct 3, 2012
10/12
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who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was running for re-election. look at this. he actually had pretty decent, gdp, first quarter, second kwarder, third quarter of the election year. the strength of the u.s. economy. george h.w. bush had good growth. he lost the election because bill clinton and ross perot convinced people the economy was struggling. this race this year looks a little bit like 2004. george w. bush had very struggling numbers. not so strong, decent third quarter, decent third quarter helped president bush heading into his re-election campaign. look how weak growth has been
who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was...
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Oct 4, 2012
10/12
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Sep 26, 2012
09/12
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...